Tds query for bank interest on term deposit

This query is : Resolved

Kausik Ghosh (Querist)
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17 April 2014 in my previous query i asked the expert that tds on bank interest of term deposit(auto sweep from salary through MOD) has not been reflected in my 26AS form till now.as per the expert it may be due to the fact that last qtr updation for tds to be processed and updated from Nsdl after 15th may 2014.thanks for the information so that full viewing of the form will be avl after that date.as per the advice of expert i have collected the a/c statement from bank.now i have got 2 more queries.1.even for term deposits opened at earlier stage of f.y. the tds on interest not reflecting in 26AS.is it due to the fact that tds is being calculated on 31st march and sent to I.T so that comes under last qtr cycle & will be reflected in 26AS after 15.05.14?2.whether i can pay the balance tax after 15.05.2014 on viewing completed 26AS form or is there any time barred issue for late payment suffering fine or penalisation.what is the last date without fine?please treat this really urgent as i want to pay the justified tax within prescribed time without any harrasment and forgive me if my query is too long.thanks

Rupesh Jain

Rupesh Jain (Expert)
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17 April 2014 ypu can self assessment tax before filing of income tax return.
income tax filing date is 31.7.2014.

then you can deposit the tax before 31.7.2014 and also file the return on or before 31.7.2014

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 April 2014 while you can deposit tax upto the return filing date but in case you are liable for advance tax, you need to check for 234B and 234C interest liability.

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